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Owen Huw, the Senior Vice President and Chief Revenue Officer at Couchbase , Inc. (NASDAQ:BASE), a company currently valued at approximately $856 million and trading slightly above InvestingPro’s Fair Value estimate, recently sold shares in the company, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on March 28, involved the sale of 15,938 shares of common stock at a weighted average price of $15.4252 per share, yielding a total value of approximately $245,846.
These shares were sold as part of a pre-established Rule 10b5-1 trading plan, which Huw adopted on September 30, 2024. The trading plan allows insiders of publicly traded corporations to set up a predetermined schedule for selling stocks they own, thus helping to avoid concerns about insider trading. The shares were sold in multiple transactions with prices ranging from $15.0500 to $15.5700.
Following the sale, Huw retains direct ownership of 427,699 shares of Couchbase. The company maintains impressive gross profit margins of 88% and holds more cash than debt on its balance sheet, according to InvestingPro data, which offers additional insights through its comprehensive Pro Research Report covering 1,400+ US equities.
In other recent news, Couchbase Inc. reported its fourth fiscal quarter results, showcasing a revenue of $54.9 million, which surpassed analyst expectations of $53.25 million. The company noted a 17% year-over-year increase in Annual Recurring Revenue (ARR), reaching $237.9 million. Despite these achievements, Couchbase reported an adjusted loss per share of -$0.30, missing the consensus forecast of -$0.08. DA Davidson maintained a Buy rating with a $25 price target, emphasizing the company’s record New Net ARR (NNARR) of $19.5 million and its conservative fiscal year 2026 ARR guidance. Guggenheim also kept a Buy rating but lowered the price target to $26, noting the company’s strategic importance in developing modern applications. Meanwhile, Goldman Sachs reduced its price target to $16 while maintaining a Sell rating, citing concerns over Couchbase’s growth rate and competitive pressures. Additionally, Couchbase launched the Couchbase Edge Server, aimed at improving application performance in edge computing environments. The company also announced that CFO Greg Henry will be stepping down, with Bill Carey stepping in as interim CFO.
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